Sigma Capital Management, a New York subsidiary of hedge fund giant SAC Capital Advisors, has made four additional hires for its new global fixed-income fund. Sasan Doroudian, Jim Switzer and Randy Ko all joined Sigma in New York last week from UBS Principal Finance. Another hire, Scott Burau, who joins as a trader, was previously not in the fixed-income industry. The additions all work under Peter Abramenko, managing director and former global head of credit trading at UBS' principal finance arm, who was recently brought on to run the new portfolio (BW, 11/29).
Ed Tagliaferri, spokesman at SAC in New York, said the hires will support Abramenko's trading and research. He declined further comment.
The high-profile group left UBS last spring and its destination was a hot topic on Wall Street as the account was reportedly one of the top five high-grade corporate accounts (BW, 4/5). The group is expected to run several billions of dollars in fixed-income for the SAC affiliate. Abramenko, Switzer, Doroudian, Ko and Burau all declined comment.